New-York tribune., 1887-11-23
" N NrIII W FIT I1lnT
con...........- IL ISL Lam s'rc se'vcs 81
CLOSING Prices or PlILADELPHIA STOCK!
CLOSING Prices OF CALIFORNIA STOCKS
FRANCISCO. Nov. Do 1887.
TUESDAY. Nov. % p. VI.

To days stock market generally was less active than
was that Ot yesterday. although he total sales (2O310
shares wcrc 2I.eO0 shares greater Richmond ahd
West Point to-day contributed $1,000 shares toward
the total against yesterdays contribution OF 19,4OO
shares The dealings in that stock formed ono OF tho
financial features ot the day but without Influence on
the general market It's price from ~ IL last
evening 10 30 $50 on probably well founded rli-
mors Of Important changes I'm tho companys manage
mcnt-changcs which, while strengthening tho com
pany's position, will materially affect public confidence
In the property. Philadelphia and Reading contrib
utcd GGioO shares TO the days total transactions The
dealings I'm the stock marked by no small degree
OF spcrity. The still mrcformcd bears" (bccauso
TO reform would prove expensive luxury made
a fierce onslaught It's value after 1t had opened up
IA per cent at 20 75 and drove It's price down to
20 = There it struck a rock of an Investment and
speculative buyng which defcd all efforts further to
dcprss ITS price. 1t to II 3-s, again was at
tackled down 10 II aud closed al II 10 Union Pa
cihc developed strength at 53 1-a-54 1-2-53 -.
against 53 - last evening. under liberal buying for
London and the Continent in spite OF the fact that the
advance contested at every Is per cent. And
why should it not be strongl In May last 1t sold at
90 3 and thr company's report of earnings
for niuc month, ended september 80 indicates results
for the whole year equal 7ors per cent the stock
st. Paul opened l. higher at - IA, sold at u 80.
and then, by rapid movement OF the bears " who
have all covered up It's price Wds down TO -. Later
sales wcrc At - 5S77 3s. london was mOdcr
ate buyer Of st Paul stock London also was buyer
OF Lake shore stocK and II opened mp II per cent at
% : on that buying; later sold at ., 3i-96 II
% -
The last four days have developed power bchini
values that astonlshcd both bears" and operators
who have been aud SIN arc bulls" but who having
sold part Of their holdings have favored reaction
The bears matter what they say. for three weeks
have steadily fought he al, ancc but they have done
..ffI. q
OF coulsc block Of ,tooh the purchasing of which
had consumed whole day. whom sold As rapidly as
possible within one half hour aicr the opening %
business, momcutaily depressed vaiuc, This opera
ton has been repeated several time, daring The last
ten days vItlou, is Intended cncct, price, have
yielded some fractions only 10 recover slowly but
surely undct = steady absorption Aud none apprrci-
a;cs this fat moro fully than 10 tho " bears An
cl m,u ot .omc luiucncc toward moderate reaction
hA, been the desire o.: local bul >pccniaors that
should follow their partial realization. However,
the absence 4 tn, opposition 10 decline has been of
lttic ad 10 those seeking iot lower values to save
lose, on outstanding contracts, Why with both sides
or tie speculative interest fa,ouug and 10 their own
sphere, worhns for decline. docs thc market r'i'e
to- dc, lluc moro than small fractou,l l. II not bc-
cause TIM TLlnUNE does not lead bui only follows
the general sentiment. when II nahcs ,uch complrl
son, Of values and conditions a. 30 printed This morn
In- and wl,h To i Do 10 a'd, 10 ln thr case of mon
Pacific, Iirc aul rarriu-.t l. 10 uot true that
tl4d.f, aud professional operator, oi c'cry degree. on
both side, of the m.fhrt, are cumudrl- She price, ol
to-day wh those o. month az. and n i0!.o"iD- oll
Time method, wish to tladn on fluctuations, Whe all
lhc rest of mankind mc looking at ur price, OF last
May and June AMI ace, -ulu1 that thric ha, been a
great ,lu.,s.on .n values without single !u>tHra
iion and al a time when an legitimate influence, have
ia, orcd stability of II not adv ancc, nom, the stoch
pucc, % last ,lIin-
The market closed strong despite local adverse in